Is it the right time to consider mortgage process BPO?
In US the real estate market has been down for the past one year and the analysts predicts that it will be down until 2008. Well no one knows exactly how long it will take for the real estate market to recover. But everyone in the mortgage industry knows the current real estate market puts the mortgage business in a tough time. Several Mortgage companies profits have been in decline because of subprime mortgage loans and Alt-A loans it gave to the lenders in the real estate boom time. Now these mortgage companies are trying to cut cost and increase their profit margins. It is the right time for the mortgage companies to consider outsourcing its mortgage processes to outsource vendors who specialize in mortgage process outsourcing. Following are some of the mortgage processing tasks that can be outsourced: Loan Origination • Telemarketing • Inbound Call Support • E-Mail Support • Early Application Processing Loan Processing • Customer Inquiry Support • Application Completion • Title Sea